Trump Tariffs Spell Fresh Turmoil for Volatile Aluminum Market
- Base metal market has been rocked by sanctions, Ukraine war
- Trump’s measures expected to raise costs for US manufacturers
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The global aluminum market is entering a fresh period of upheaval as traders rush to assess the potential impact of renewed US protectionism under President Donald Trump.
The US leader ordered tariffs of 25% on all imports of aluminum and steel on Monday, effectively toughening up a trade regime he launched during his first presidency. The measures threaten to increase costs for US buyers, and at least some rerouting of international trade flows.